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In May and June we discussed two of the three
reasons products don't make it to market - Design
Failure and Production Problems. This month we
explore the third reason - Delivery Delays.
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The 3rd Reason Products Don't Make It To Market - Delivery Delays!
Delivery involves more than simply shipping your
products to customers or retailers. It involves things
such as inventory management, scheduling, quality
controls and knowing what materials need to be in
stock from quarter to quarter in order to manufacture
your custom plastic enclosure.
Challenge
In today's competitive world, turnaround time is
critical. But thermoforming seems like such an
involved, precise process-how can there be any
guarantees?
Strategy
Well, it's true that not all thermoforming companies
have them-or can follow-through on short turnaround
promises. So, how can you ensure that you have your
product on time? Plan. And be sure to research the
thermoforming company you use so that you're
confident it can deliver on whatever schedule it
promises.
Challenge
Your product needs myriad raw materials-what's the
most cost-effective way to deal with this?
Strategy
Knowing when to place orders for materials or what
materials to keep in stock may seem like a challenge.
Be sure the thermoforming company has clear
guidelines on how it handles this.
ThermoFab uses a 45-day rolling forecast as part of
its "Dock to Stock" program. This reduces duplicate
work and delivers high quality assembled plastic
enclosure product lines-when customers need it.
This reduces inventory on the customer's end and
meets the customer's internal production and sales
requirements.
A 45-day rolling forecast involves planning materials
so the client can push and pull the schedule all year
long. A lack of planning for raw materials can slow
down other phases. Remember, it's not the cost; it's
the planning that matters in the long run.
Challenge
Stories exist about inspections being the source of
delivery delays. What are some ways to diminish this
possibility?
Strategy
Smart thermoforming companies conduct inspections
during every phase of manufacturing. If there are any
issues, they can be dealt with at this stage rather than
at the end when the whole product line might be
affected.
Challenge
Won't processes, such as electromagnetic
interference (EMI) shielding, need to be done
elsewhere, thus tacking on time to the delivery
schedule?
Strategy
It depends on the thermoforming company-some
companies, like ThermoFab, handle things like
EMI/RFI shielding in-house, which reduces the time to
market.
For More Tips on Getting Your Product To Market Read Our Tips Guide: 3 Reasons Why Some of the Best Ideas Never Make It To Market
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ThermoFab is committed to being the leader in
custom plastic enclosures. Contact us today to
learn how we can take you from files to finished
product in just 4-6 weeks!
Sincerely,
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